The Principal Source of Short-Term Loans for Business Firms Is

question 47

Short Answer

The principal source of short-term loans for business firms is
contractual savings institutions.
trust companies.
chartered banks.
investment companies.
loans from relatives of the owners.

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Definitions:

Series Circuit

An electrical circuit in which components are connected along a single path, so the same current flows through all of the components.

Individual Resistances

The resistance values of separate resistors in a circuit, each contributing to the total resistance in their unique ways.

Circuit Branches

Parts of an electrical circuit that split from the main circuit to form parallel paths for current to flow through.

Combination Circuit

An electrical circuit consisting of both series and parallel connections of components, requiring complex analysis to determine overall behaviour.